Nearly every enterprise chief information security officer or security director faces pressure to reduce or maintain IT security spending. But with the stock market on the rise in 2012, that means the economy is growing and the outlook for IT and the economy as a whole is improving, right?

Perhaps not. In this SearchSecurity.com special presentation, recorded at Information Security Decisions 2012 in New York on May 15, 2012, In-Q-Tel partner Peter Kuper discusses IT and the economy and how key underlying economic indicators suggest an environment that, at best, may be less than supportive for IT budgets in the coming years, or at worst indicative of another looming recession.

Kuper also asserts that today's economic conditions only further enrich the ranks of the malicious hacker community. Meanwhile, security budgets and investments will be pressured, thus depleting help needed to combat their growing ranks.

About the speaker: Peter Kuper is a partner with In-Q-Tel, a strategic investing firm based in Washington, D.C., that identifies, adapts and delivers innovative technologies to support the missions of the intelligence community. Previously, he worked on Wall Street as an investment analyst for 15 years.

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